In the U.S. District Court for the Central District of California, ACC filed an amicus brief in In Re Silver Wheaton Corp. Securities Litigation on June 14th. ACC asks the court to reverse a magistrate judge’s ruling that US law applied when determining attorney-client privilege involving legal opinions issued by Canadian lawyers and accountants retained by Silver Wheaton Corp., a Canadian company. Silver Wheaton is the subject of a class action securities suit related to potential tax liabilities being asserted by the Canada Revenue Agency. The magistrate’s ruling requires the production of documents that relate to Canadian legal advice and were disclosed to Silver Wheaton’s auditors in reliance upon Canadian privilege law.
See the brief here.